Before Monday, if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private...
General
The recent changes to dual home ownership aimed at cooling the sizzling property market have left some owners in a bind. From 30 August, private property owners who want to buy a flat from the Housing and Development Board (HDB) would have to sell their private property within six months. The regulation also applies to those who own property outside of Singapore. For some, owning two properties is a...
The Housing & Development Board (HDB) has awarded the tender for the residential site at Miltonia Close to Hoi Hup Realty and Sunway Developments. The joint bidders submitted the highest tender of S$165 million for the Yishun site. The HDB received a total of seven bids. The land parcel is 27,000 square metres. It has been slated for either strata landed housing or a condominium development. The...
THE times have been good for property investors in the past couple of years. Prices in certain areas, particularly in selected areas of Kuala Lumpur and Petaling Jaya have risen significantly, some as high as 50 per cent. And as a result of this rise, practically all property investors had made money. In fact, some people have seen their net worth jump up by 30 or 40 per cent because of the price rise....
HOME owners wanting to move and hoping for an 80 per cent loan on a new property will now have to produce evidence that they have sold their existing home. The proof must come in the form of a signed sale and purchase agreement and a certificate showing that the buyer of their current property has already paid the stamp duty for the deal, said the Monetary Authority of Singapore (MAS) yesterday. The...
New flats, seamless link for MRT and bus interchange BEDOK Town Centre will receive a complete facelift in the next few years, with the construction of a new integrated public transport hub and private homes. These developments will also have space for commercial use totalling 35,000 sq m. The most dramatic change will be the seamless linking of Bedok bus interchange to the MRT station and the building of...
They must sell overseas home within six months of buying HDB flat PEOPLE who own a home overseas will still have to comply with the new rules on property ownership if they want to buy an HDB resale flat. The new rules state that if you buy an HDB resale flat you must dispose of any additional private property within six months of the purchase. That rule also applies to people who own homes offshore....
Singapore private property prices has increased by 34 per cent, claimed a global survey of house prices conducted by the Global Property Guide. This is the fastest in the world for the year 2010 to June 30, and also the highest recorded year-on-year increase in the country since 1995, according to Global Property Guide. Hong Kong, Australia and Taiwan took the next three positions. Also in the top 10 is...
A Housing and Development Board (HDB) site at New Upper Changi Road/Bedok North Drive has attracted 9 bids at the close of its tender on Wednesday. The highest bid for the mixed commercial and residential site came from a joint bid by two companies - Brilliance Residential and Brilliance Trustee - for S$788.8 million. That translates to about S$9,051 per square metre per gross floor area. The next...
Maison Royale, a freehold site in the Newton area, is the latest development put up for en bloc sale. This is despite the recent cooling measures announced by the government earlier this week and the release of more government land for private residential housing. The development located at No.1 Surrey Road is going for at least S$48 million. This translates to about S$1,220 per square foot per plot...